President John Dramani Mahama has directed a GH¢2 reduction in the regulatory margin on a litre of diesel to help keep transport fares stable and help cushion households and businesses against rising fuel costs.
The intervention, which takes effect for one month from Tuesday, August 4, 2026, is expected to reduce pressure on commercial transport operators and businesses that rely heavily on diesel while helping to contain increases in the prices of goods and services.
The latest measure is the second this year, following a similar reduction introduced in April.
Announcing the decision in Accra on Monday [August 3, 2026], the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu, said the directive has been approved by Cabinet.
He said the National Petroleum Authority (NPA) had been instructed to implement the reduction with immediate effect.
According to Mr Kwakye Ofosu, the intervention is intended to prevent another round of transport fare increases, ease pressure on the cost of living and reduce the impact of higher fuel prices on households and businesses.
He said the government decided after assessing developments in the international petroleum market and their likely impact on the local economy.
In a statement, the Presidency said the government would continue to monitor developments in the global energy market and introduce further measures where necessary to protect consumers and support the country’s economic recovery.
The National Petroleum Authority is expected to issue implementation guidelines to fuel retailers ahead of the new pricing window
